Investore Property posts maiden first-half result as standalone entity

Tue, 15 Nov 2016

By Paul McBeth Nov. 16 (BusinessDesk) - Investore Property, the property investor carved out of its manager Stride Property earlier this year, posted its maiden first-half results and signalled annual dividends are still on track to meet expectations. The Auckland-based property investor reported net profit of $2.3 million in the six months ended Sept. 30 on net rental income of $13.3 million. Distributable earnings, property investors' preferred measure as it strips out movements in the value of their portfolio, was $7.4 million, or 6 c...

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